In a shift of The Boring Company’s original concept of helping private car owners’ transportation, Elon Musk is now refocusing Hyperloop’s mission to prioritize pedestrians and cyclists over cars, suggesting Continue Reading
As the price of oil goes, so goes Williston, North Dakota. Now, though, the community located deep in the state’s Bakken shale play is working to break free from the Continue Reading
US gasoline consumption fell for the first time in five years in 2017 as Americans saw higher gasoline prices, drove more fuel-efficient vehicles and their individual travel habits evolved, S&P Continue Reading
Turning Canada’s heavy oil sands into a more marketable kind of crude is making a comeback, or rather half a comeback. Alberta’s government’s C$1 billion dollar pledge ($780 million) will Continue Reading
After swarms of earthquakes caused by hydraulic fracturing, Oklahoma has introduced tougher regulations than those used by any Canadian energy regulator. Last month the Oklahoma Corporation Commission ordered all drillers Continue Reading
A flying car start-up backed by Google founder Larry Page has been secretly testing an electric autonomous aircraft for several months in New Zealand, the company revealed on Tuesday. Silicon Continue Reading
Tesla’s stock jumped by 5 percent on Monday on news that the assembly lines of the Model 3 were ratcheting up production, despite a several-day outage at the end of Continue Reading
Fusion is the natural process that heats the Sun and all other stars, in which a huge amount of energy is produced by the fusion of light atoms, such as Continue Reading
Shale output at seven major U.S. oil and gas plays will climb by 131,000 barrels per day next month to hit a 6.954 million bpd according to a new report Continue Reading
Natural gas producers in West Virginia hope that a new law passed by the state Legislature and signed by the governor will help spur production in the state, which in Continue Reading
(Bloomberg) — The energy dominance President Donald Trump seeks for the U.S. is getting closer to reality when it comes to petroleum liquids used to make plastics, heat homes and Continue Reading
An ambiguous threat of widespread strikes in the oilfield services sector has caused Aker Solutions and Kvaerner to seek out labor leaders to potentially quell the demands of disgruntled workers, Continue Reading
Oil prices gave up earlier gains on Monday as rising U.S. output loomed over markets, despite a slowdown in rig drilling activity. U.S. West Texas Intermediate (WTI) crude futures were Continue Reading
A flurry of recent oil market forecasts have sent a lot of mixed messages about what to expect both in the near-term and over the next several years. Is U.S. Continue Reading
The fossil fuel industry is putting $1.6 trillion of investment at risk if the world gets its act together and tries to adhere to the climate change targets as part Continue Reading
At the International Solar Alliance, Emmanuel Macron said the government, private sector and civil society need to work together to overcome hurdles French President Emmanuel Macron on Sunday said USD Continue Reading
ING sees U.S. eating into producer group’s Asian market share Dutch bank forecasts Brent oil at $57/bbl in second half 2018 Oil risks sliding back under $60 a barrel as Continue Reading
Iranian oil minister Bijan Zanganeh said OPEC could agree in June to begin easing current oil production curbs in 2019, the Wall Street Journal reported on Sunday. Zanganeh also told Continue Reading
Saudi Aramco’s listing is unlikely to go ahead this year, according to British officials who have been warned by their Saudi counterparts that the world’s biggest flotation was expected to Continue Reading
The Saudi government locked up hundreds of powerful businessmen and royals in the Ritz-Carlton hotel in Riyadh in what it said was a crackdown on corruption. Businessmen once considered giants Continue Reading
A recent revelation by the Nigerian National Petroleum Corporation that it spent N774 million daily to subsidise petrol consumed in the country was a confirmation of Nigeria’s return to the Continue Reading
China’s push for cleaner air and fuel is driving an unprecedented demand for natural gas, and the United States is well-positioned to seize this opportunity and export even more of Continue Reading
The annual CERAWeek Conference sponsored by IHS Markit is arguably the hottest oil and gas conference on the planet, and this year’s edition saw the largest attendance in the event’s Continue Reading
Like the “shot heard round the world,” the American protectionist move has politicians and economists in industrialized nations strategizing with their spreadsheets. From Porsches to prosciutto, every country is scouring Continue Reading
The Renault-Nissan-Mitsubishi Alliance is working to produce an electric car that uses solid-state batteries as early as 2025, in a move that puts it amid the frontrunners in the global Continue Reading
When Vladimir Putin awarded Exxon’s then-CEO Rex Tillerson the Order of Friendship in 2012, little did either of them know that six years later they would be looking at each Continue Reading
A wave of nationalist/populist/anti-globalization, record high debt, nuclear doomsday clock at its highs, soaring financial leverage, and now trade wars. If the world did not have enough to worry about, Continue Reading
Oil has had a bumpy week, but following the news that Trump would allow some keep exceptions to the tariffs, along with a strong jobs report and falling U.S. oil Continue Reading
Oil futures and the U.S. stock market moved up Friday after a strong job growth report and continuing diminished fears of a trade war because certain countries were exempted by Continue Reading
A huge economic boom is coming, in an industry you probably haven’t heard of: cooling. The cooling industry provides air conditioning for houses and commercial buildings, refrigerators in homes and Continue Reading
In the latter half of last year, we highlighted how Saudi deliveries to Motiva’s Port Arthur refinery had been surpassed by Iraqi barrels for the first time on our records. Continue Reading
LONDON (Reuters) – (John Kemp is a Reuters market analyst. The views expressed are his own.) Saudi Aramco’s [IPO-ARAM.SE] partial privatization has loomed over the oil market for the last Continue Reading
Saudi Arabia is set to use surplus oil revenues to bolster the financial firepower of its $230bn sovereign wealth fund, shifting additional billions into the vehicle spearheading Crown Prince Mohammed Continue Reading
The International Monetary Fund (IMF) is throwing its weight behind objections raised by the autonomous Kurdistan region over Iraq’s 2018 budget – a dispute that now threatens Baghdad’s ability to Continue Reading
Colombia plans to award up to 15 oil blocks next month and will begin routinely offering onshore and offshore areas for exploration and production in May, the head of the Continue Reading
Colombia is expected to export 13.8 million barrels of crude in March, 11% less than February, according to a preliminary loading program seen by S&P Global Platts Friday. About 4.5 Continue Reading
Startup Mattershift says it has achieved a breakthrough in making carbon nanotube (CNT) membranes at large scale. The startup is developing the technology’s ability to combine and separate individual molecules Continue Reading
New York Governor Andrew Cuomo on Friday said he had formally asked for the state to be excluded from a federal offshore drilling program that he said would threaten its Continue Reading
Robust hiring is drawing people into the U.S. labor market, a healthy mix that suggests the economy can run strong without overheating and forcing the Federal Reserve to curb growth Continue Reading
It took six years for Ford Motor Co. F 1.13% to sell 8,700 electric Focus small cars. It takes just three days to sell as many gasoline-powered F-Series pickup trucks. Continue Reading
Upstream investment in crude oil and liquids production is highly sensitive to crude oil prices, particularly production of higher-cost resources from tight rock formations, oil sands, and offshore deepwater. In Continue Reading
Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 984, which is Continue Reading
Alberta’s government may be considering a suspension of crude oil shipments to British Columbia in the latest episode of what is turning into a drama series starring Canada’s biggest oil Continue Reading
Investments in the Permian Basin represent $2 of every $10 spent on oilfield services and equipment worldwide, according to analysis by an Oklahoma-based consulting firm. Spears & Associates said spending Continue Reading
Tesla’s chief executive Elon Musk took to Twitter on Thursday to complain to U.S. President Donald Trump about the unfair trade rules on U.S. car sales in China, which make Continue Reading
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A building under construction in Franklin Lakes, N.J., this week. About 313,000 jobs were added last month. There are 39 pages in the Labor Department’s February report on the employment Continue Reading
The fourth quarter upstream earnings season raised multiple issues in the oil patch. But the biggest theme was really a single, solid dilemma: can E&P operators hit their production growth Continue Reading
The American Petroleum Institute released new studies showing potential economic benefits to states and communities along the Atlantic, Pacific, Alaskan, and eastern Gulf of Mexico portions of the US Outer Continue Reading
After swarms of earthquakes caused by hydraulic fracturing, Oklahoma has introduced tougher regulations than those used by any Canadian energy regulator. Last month the Oklahoma Corporation Commission ordered all drillers Continue Reading
